Stroud Bankruptcy Lawyer, Oklahoma

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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

B. David Sisson Lawyer

B. David Sisson

VERIFIED
Bankruptcy & Debt, Consumer Bankruptcy, Bankruptcy Litigation
We Help You Rise to a Fresh Financial Future Through Bankruptcy Solutions.

A native of the Oklahoma City area, Attorney B. David Sisson has provided bankruptcy assistance to area individuals and businesses for nearly twenty-s... (more)

J. Scott McWilliams

Bankruptcy, DUI-DWI, Estate Planning, Trusts
Status:  In Good Standing           

Benjamin C. Perrine

Business Organization, Corporate, Mental Health, Bankruptcy
Status:  In Good Standing           

Kimberly Faye Kramer

Landlord-Tenant, Lawsuit, Bankruptcy
Status:  In Good Standing           

Robert Allen Brown

Bankruptcy, Bankruptcy & Debt, Personal Injury
Status:  In Good Standing           

Dan Richard Byrd

Litigation, Health Care Other, Administrative Law, Consumer Bankruptcy
Status:  In Good Standing           

Dan Richard Byrd

Litigation, Health Care Other, Administrative Law, Consumer Bankruptcy
Status:  In Good Standing           

Deborah Hupfer

Immigration, Civil Rights, Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Deborah Hoover Hupfer

Immigration, Bankruptcy, Bankruptcy & Debt, Defamation & Slander
Status:  In Good Standing           

Kermit Maurice Milburn

Oil & Gas, Elder Law, Insurance, Bankruptcy
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

CHAPTER 13 PLAN

A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to ... (more...)
A document filed in a Chapter 13 bankruptcy in which the debtor shows how all of his or her disposable income will be used over a three- to five-year period to pay all mandatory debts -- for example, back child support, taxes, and mortgage arrearages -- as well as some or all unsecured, nonpriority debts, such as medical and credit card bills.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)
A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

COLLECTION AGENCY

A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the d... (more...)
A company hired by a creditor to collect a debt that it is owed. Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, typically through letters (called 'dunning' letters) and telephone calls. Collection agencies are regulated by the federal Fair Debt Collection Practices Act. Unfortunately, too many collectors ignore this law.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

MEETING OF CREDITORS

A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a f... (more...)
A meeting held with the bankruptcy trustee about a month after you file for bankruptcy. You must attend. The trustee reviews your bankruptcy papers and asks a few questions. In a Chapter 7, the meeting of creditors lasts a few minutes and rarely do any creditors show up. In a Chapter 13 bankruptcy, one or two creditors may attend, especially if they disagree with some provision of your repayment plan.

CREDIT INSURANCE

Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay o... (more...)
Insurance a lender requires a borrower to purchase to cover the loan. If the borrower dies or becomes disabled before paying off the loan, the policy will pay off the remaining balance. Federal and state consumer protection laws require the lender to disclose to existing and potential borrowers the terms and costs of obtaining credit insurance because it can affect the terms of the loan.

FDCPA

See Fair Debt Collections & Practices Act.

CHAPTER 7 BANKRUPTCY

The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 b... (more...)
The most familiar type of bankruptcy, in which many or all of your debts are wiped out completely in exchange for giving up your nonexempt property. Chapter 7 bankruptcy takes from three to six months, costs about $200, and commonly requires only one trip to the courthouse.

DOING BUSINESS AS (DBA)

A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or ... (more...)
A situation in which a business owner operates a company under a name different from his or her real name. The owner must file a 'fictitious name statement' or similar document with the appropriate agency -- for example, the county clerk. This enables consumers to discover the names of the business owners, which is important if a consumer needs to sue the business.

SAMPLE LEGAL CASES

Bank of Oklahoma v. Ashley

... Bank). At issue is a question of first impression: Does a pre-existing judgment lien on a debtor's real property survive a bankruptcy discharge in light of 12 OS2001 § 706(E)(2)? We find that it does and affirm. FACTS. ¶ 2 The ...

Nichols v. Nichols

... 3 In February 2000 the wife filed a voluntary bankruptcy and obtained a discharge on September 12 of that year. ... [21]. 1056 C. Laches and Wife's Discharge in Bankruptcy Are Not Acceptable Theories For Defeating Law Firm's Claim. ...

AMERICAN ASSOCIATES, INC. v. Quimby

... 3 A few days later on August 6, 2004, the Quimbys filed bankruptcy, wherein they claimed the property as their homestead (and therefore, claimed its exemption in bankruptcy) and filed a motion to avoid Creditor's judgment lien. ...